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The ""multiple of exploration expenditure"" method of mineral valuation is applicable to exploration properties from the earliest stage of exploration to a moderately advanced stage but for which no resources have been delineated. While not recommended as a primary valuation method by some workers, others believe it to be the most satisfactory method of valuing exploration properties until it is possible to employ a DCF technique. In many situations facing the professional valuer, the method may represent the only semi-quantitative option available and is frequently used. Significantly it often forms the starting point in discussions to farm-in on an exploration tenement. The paper briefly reviews the definition of value as applied to mineral valuation and in particular examines the relationship between fair value and market clearing price in ""fair"", bull and bear markets. The multiple of exploration expenditure method uses previous exploration expenditure and/or future committed exploration expenditure to derive a base value for the tenements. This base value is multiplied by a prospectivity enhancement multiplier (PEM) with adjustments for market premium or discount and consideration of the quality of the exploration team to derive a fair value for the tenements. The paper will demonstrate that there is no necessary nexus between fair value derived from the method and present book Values.

Jan 1, 1994

By Brady KT, Pattenden G

A laboratory size solvent extraction apparatus has been constructed, which incorp- orates three stages of countercurrent extraction, followed by two stages of counter- current stripping. The model uses a gravity flow system from one stage to another and air lift pumps to recirculate organic and aqueous phases. A novel pump/mixer system is used to transfer solutions from the mixer compartments to the settler compartments. The model has proven valuable in the teaching of solvent extraction principles.

Jan 1, 1984

By Wright G. A

The objective of refining in steelmaking is to reduce the concentration of impurity atoms, e.g. sulphur, phosphorus, from an initially high level to a specified low concentration. A two-film theory of refining is presented in which the rate of

Jan 1, 1980

By Lawson F

Chrome chemicals are commercially produced by the alkali roasting of chromite ores with sodium carbonate. Results of tests conducted in a laboratory furnace indicated that the sodium carbonate reacted rapidly with part of the gangue material to form a metastable intermediate that later reacted further with the chromite. For the conditions used, the recovery of water-soluble sodium chromate was able to be described empirically as yield % = a tn with a = 0.24 T - 241.3; n = 3.90 - 3.12 × 10-3 T and t is the reaction time in hours.The major rate limiting step in the overall reaction sequence appears to be the rate at which oxygen can get to the reaction sites across the liquid film coating the solid reactants.Sodium sulfate alone was found to be an unsatisfactory source of alkali for reaction with chromite. However when limestone also was added in quantities sufficient to allow the reaction CaCO3 + Na2SO4 + H20 ? Ca SO4 + 2NaOH + CO2 to take place, the results obtained were comparable to those found when sodium car-bonate was used.For chromite particles in the size range -124 + 105 µm, the use of stoichiometric excess of sodium carbonate did not appear to increase the yield or the reaction rate significantly. However, with smaller sized particles, - 53 µm, increased yields of water-soluble chromate were obtained when roasted with more than the theoretical quantity of sodium carbonate.

Jan 1, 1984

The Bellambi Coal Company Limited com menced longwall mining at South Bulli Colliery in 1965. At present it operates three long- wall units in two seams. Although results to date have been less successful than planned, it is apparent that this type of mining has tremendous potential in the particular conditions at South Bulli. Massive sandstone strata above the Bulli seam is the controlling influence on face conditions. The earliest equipment proved to be inadequate and the Company has progress- ively replaced and upgraded the roof supports and ancillary equipment so that the present units are capable of producing high and consistent outputs.

Jan 1, 1976

The Tailings Leach Plant at Chingola employs a Leach/Solvent Extraction/Electro- winning process and contains the largest solvent extraction plant in the world, with design liquor flow rates of 55 m3/min. A pilot plant constructed to provide design data also indi- cated areas of uncertain operating and control performance and led to a decision to model the whole circuit to determine the overall dynamic behaviour and basic operating characteristics. Details of the plant flowsheet are given and the basic physical and chemical' equations required for the simulation defined. Each unit operation is considered separately and details of the mathematical models used for their simulation presented.

Jan 1, 1977

Subsidence prediction methods can be divided into two basic types: empirical and analytical. Empirical methods are based largely on a combination of experience, intuition and observations from a large number of observed subsidence data. They are simple in their application, but they are not based on any principle of mechanics. Analytical methods are based on equivalent material modelling principles, where the ground surrounding the extraction is mathematically represented by idealised materials that deform according to the principles of continuum mechanics. Wide applicability and improved understanding are the principal advantages claimed for this approach. In NSW, significant progress has been achieved in the area of subsidence prediction during the last ten years. Empirical prediction curves are available in NSW for predicting the ground movement in the Southern and Newcastle Coalfields. A' comparison of subsidence values predicted from these curves with the actual monitored values indicates that the curves are adequate for use in conjunction with the existing damage assessment methods. Future research for improving the existing empirical prediction curves can only be justified if it is cost effective. There are several numerical models currently in use in NSW for predicting subsidence. The models do not appear to be superior in their ability to predict subsidence when compared with the empirical curves. the performance of these models will no doubt improve along with advances in defining strata properties and failure mechanisms.

Jan 1, 1991

Fluid circulation occurs in oceanic crust of all ages, at the seafloor spreading axis, on mid-ocean ridge flanks, in the ocean basins, and in subduction zones. In the first three settings the fluid originates as seawater. At the axis and on the ridge flanks, the circulating seawater produces a major chemical exchange between the oceans and the crust. Based on heat budget constraints, between 10 and 40% of the river flux of Mg can be taken up during high-temperature alteration of the basaltic crust along the mid-ocean ridge axis. Most of the hydrothermal -heat loss, however, occurs on the mid-ocean ridge flanks, where the temperatures are lower and the seawater flux correspondingly larger. The estimated heat loss on the flanks is so large that upwelling must occur over a large fraction (5-30%) of the seafloor less than 65 Ma in age, at seepage velocities on the order of 10 to 100 cm/yr. The circulating seawater need lose less than 1 to 2% of its Mg content in order to solve the Mg mass balance for the oceans. Fluids in subduction zones are commonly less saline than seawater and are rich in methane and other light hydrocarbons. These fluids may originate by dewatering of the downgoing slab. If so, they may close the geochemical cycle of H2O that began with hydration of the basaltic crust at the ridge axis.

Jan 1, 1990

In the last several years we have seen the demise of the Department of Mining and Metallurgy at the University of Melbourne, the removal of extraction metallurgy from the Department of Metallurgy and incorporation of it within a School of Mines at the University of New South Wales, and the joining of a small Department of Metallurgy with a Department of Chemical Engineering to form a Department of Chemical and Materials Engineering at the University of Newcastle. Most of these changes have been forced by the logical application of the principles of accounting, the currency for such accounting being the Whole Student Unit (WSU). It is not my intent to address the problem of attracting young people into courses in metallurgy (including extraction metallurgy) which, at present, is the only way to introduce black ink into the WSU accounting ledger. Rather, I wish to express my disquiet over the trends, illustrated by some of the above occurrences, of separating out extractive metallurgy from METALLURGY by suggesting in broad terms how a course in metallurgy should be structured. I firmly believe that the mechanical metallurgist and materials engineer need an exposure to chemical and extractive metallurgy; similarly, the extractive and process metallurgist should, in my view, have a good grounding in the interrelationships between composition, structure, and properties, this topic being the core of the basic subject physical metallurgy.

Jan 1, 1987

By Smith P

The past 20 years have seen the replacement of hydraulic control of longwall mining systems by the neater. smaller and better controlled electronic units.Early problems of moisture and other effects on reliability were overcome to see electronically controlled supports chosen for Corrimal Colliery ten years ago. Lessons from Corrimal and elsewhere, with following improvements and sophistication led to wider use as exemplified by Meco and other electronically controlled supports used in more recent installations in New South Wales, Queensland, USA and Czechoslovakia of the total of over 80 electronically controlled support installations worldwide in the past decade. Present work is toward a fully "integrated face" of British Coal by 1993, incorporating the Meco automatic face straightening system already due for practical use in the UK later this year. However the manless face still appears to be some way off although the present minimum crews and close monitoring, including early warning, are promising stages.

Jan 1, 1991

By Mishra BK, Agrawala S

The traditional method of scale-up uses the population-balance model. In particular, the selection function values for a material are determined in a laboratory mill and a variety of correlations are used to scale these values to plant scale mills. For example, the factor D2-5L (D-mill diameter, L-mill length) appears in many power correlations. The number of collisions is proportional to the number of balls (aD2L), the frequency of mill rotation ((x 1/4D-) and effectiveness of impact ((XD), which gives rise to the 'D2.5L' expression. However, what is lacking in this expression is that it does not throw light on the intensities of collisions. In other words, the collision intensities in both laboratory and plant scale mills are implied to be identical. This fact has been very limiting. Alternatively, the collision frequencies and intensity of impacts can be computed with the discrete element code. This code computes the motion and collision of each individual ball in the ball charge. Therefore the number of collisions and the fraction of collisions in the energy range Et, E2.òòE. (collision energy density) are calculated for a given mill size and operating conditions. Then, using the breakage function determined in drop-weight experiments, the evolution of size distribution is computed for a lab mill. The collision frequency and energy density for larger mill sizes are shown. The fundamental theory outlined for the calculation of size distribution is equally applicable for the large mill, which is the basis for scale-up.

Jan 1, 1993

By Butters S. E, Deslandes J. V

The selection of loading and haulage equipment in a proposed or oper- ating mine is vital in ensuring the cost effective achievement of produc- tion targets. To assist in the evaluation of different haulage systems, a truck haulage simulation model has been developed at BHP Melbourne Research Laboratories. The operation of the model is described and exam- ples of an actual application at Mt. Whaleback Mine is presented.

Jan 1, 1989

The Coke Ovens Laboratory at Australian Iron & Steel, Port Kembla has been involved in the analysis of seam gases and mine airs for approximately twenty (20) years. This period has seen many developments and changes in the techniques used to the point when the current techniques are equal to other labora- tories involved in similar analyses. The laboratory has NATA registration for the analysis of mine airs and gases. Apart from routine testing of seam gases, ventilation airs and gases emmitted from coal bore cores a number of projects have been undertaken. These have served a twofold purpose, one to provide information to the customer, generally Collieries Research and Technology and secondly in developing the skills and capabilities of the Coke Ovens Laboratory. This paper discusses the development and services available at the Coke Ovens Laboratory for the analysis of gases and airs from collieries.

Jan 1, 1983

By J C. Macintosh

Capcoal Mine has modified its water use practices over the past 15 years. Two issues have changed the way water was managed:an economic review of water supply options for a planned expansion of the coal handling and preparation plant (CHPP) in the early 1990s, and increasing neighbour concerns about discharge of worked water from the mine into the local streams. These issues resulted in commitment by the site General Manager to cease discharge of worked water from site and to convert from using raw water to worked water in the CHPP. Operational needs, societal demands and continuing dry weather are again demanding change to the siteÆs water management strategy. This paper outlines the drivers for past and future operational change.

Jan 1, 2006

By A Purvee, M F. Lee, L J. Mollison

Oyu Tolgoi is a large Cu-Au porphyry deposit in the south Gobi desert, Mongolia. The first of several deep, large-diameter, concrete-lined shafts, Shaft 1, is nearing completion. It will have a finished depth of 1380 m at a diameter of 6.7 m. These shafts will provide access to and hoisting capacity for block caving of deep underground ore. Geotechnical site investigations, and associated predictions of stability and ground support requirements, are compared against actual construction performance. Routine mapping is essential, along with checks against predictions and informing the contractor of ground conditions and variances.Advance rates are compared against predicted rock mass quality. A reasonable correlation exists between Qwall and advance rate. Overbreak and concrete liner thickness is related to the blockiness quotient, RQD/Jn.A ætool-bagÆ of just a few support elements (chain-link mesh, fibrecrete and 2.4 m long friction anchors and resin grouted re-bar bolts) was able to cope with the ground conditions encountered. QA/QC procedures are essential from the factory, through site storage to installation.

Jan 1, 2008

The use of operational research in mining is illustrated by simple examples of the techniques of simulation, linear programming, theory of sampling, and experimental design.Statistical simulation of the delays in answering telephones was used to compare the efficiency of alarm systems in collieries, and to determine stock control policy for a bin in mucking, filling, and tramming operations. Linear programming was used to help minimize transportation costs between collieries and washeries. The theory of sampling was applied to separate and balance the components of error introduced at the' various stages in the collection and reduction of routine samples of coal, and to the assessment of errors of estimates of grade in orebodies from drill samples. 'l'he principles of experimentaldesign were used to compare wear of different conveyor beltings and costs of battery and diesel locomotives in underground transport.INTRODUCTIONIn operational research some of the procedural techniques and professional attitudes of mind found among scientists and, in particular, mathematicians and statisticians, are applied to operational problems in industry ranging from policy making in the broadest sense to the humblest sampling procedures. These apply in mining equally with other industries.Anyone who reviews a procedure critically and in a systematic way may legitimately claim to be doing operational research. On the other hand, what is found in books on operational research is usually a collection of mathematical and statistical techniques which, though forming only a corner of operational research activity, illustrate the novel approaches to problems which characterize the discipline and which would probably not occur to the un...

Jan 1, 1962

By Bowden MW

Sintering of lead-zinc concentrates is practised by Sulphide Corporation to provide both desulfurised lump sinter feed, for simultaneous reduction to zinc and lead in the Imperial Smelting Process blast furnace, and sulfur dioxide gas for sulfuric acid manufacture.Moisture control of feed mixes is of paramount importance in the sintering operation and improvements in this area have realised increases in overall plant performance.

Jan 1, 1985

Taiwan is situated between Ryukyu and the Philippines with 35,960 sq. km of area, being slightly larger than Belgium It has roughly a spindle-shaped outline with a longitudinal axis extending in a roughly north-south direction. Geologically, Taiwan is extremely complex in terms of its tectonic setting in the convergence zone between the Asian continent and the Philippine Sea Plate. To the east of Taiwan, the Philippine Sea Plate subducts beneath the Ryukyu island arc, and to the south of Taiwan the Philippine Sea Plate overrides the Asian plate along the Manila Trench. Taiwan, therefore, occupies an unstable region between these two well-defined subduction systems of opposite polarity (see the following block diagram).

Jan 1, 1987

Roasting of zinc concentrate at the Risdon Works of the Electrolytic Zinc Company of Australasia Limited, (E.Z.), is carried out in two fluid bed roasters capable of treating 450000 tonne/yr, or sufficient for the output of 220000 tonne of salable zinc. The furnaces were constructed by Lurgi, Australia, to the basic design developed by Vieille Montagne Company of Balen, Belgium. The advantages of fluid bed roasting include a higher metallurgical efficiency in sulphur oxidation from a feed which does not require any pre-grinding, mechanical reliabil- ity through the absence of any moving parts within the furnace and the capability of being scaled up to a large unit.

Jan 1, 1977

Basic Oxygen Steelmaking (B.O.S.) commenced in Australia in December, 1962. Two 200-ton furnaces were installed initially at Newcastle with a 50-ton furnace coupled to a continuous casting machine added in 1967. In 1965, two 100-ton furnaces were installed at Whyalla plant and two 225-ton furnaces are nearing com- pletion at Port Kembla to commence oper- ations in 1972. Plant layouts in each centre differ due to changing circumstance and increasing knowledge of the B.O.S. process since 1962. Raw materials are a most important factor for good operation of the process. Most materials come from within Australia but some are imported. General operating practices are similar in each plant, although treatment of fume at Port Kembla will be by the OG (Oxygen Converter Gas Recovery) Process as against electrostatic precipitators in Newcastle and Whyalla. Special alloy steels as well as plain carbon steels can be made by the B.O.S. process. Production potential of the process in Australia has yet to be fully utilised with 45 per cent of steel production coming from B.O.S. In 1971.

Jan 1, 1972